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20120901
20120930
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for the united states for the rest of the year this weekend. >> tom, how much effect did the storm have on these prices and where are they going up the most? >> chip, we always spend the summer with about 200 barrels of gasoline inventory, which is to say we're always on just in time inventory. when you get anything that ripples through the system, a storm that interrupts production for a period of time, it can have a lasting impact, particularly in august. so it probably added about 5 to 15, maybe 20 cents a ga the irony is the prices went up most in places distance from the storm like chicago and detroit. that had little to do with the hurricane but a lot to do the hardware up that way, which has been finicky all summer long. >> what do you think in terms of seeing some relief? >> oh, i think you'll see relief. i don't know if ten days prices will be lower. but i think 100 days from now prices will be considerably lower. we bombed out at $3.25 the end of the year. i think there's a good chance we'll get to that. these are really, really big profits for refiners right now. they tend to
Search Results 0 to 1 of about 2 (some duplicates have been removed)